Tuesday, September 12, 2006

Stock exchange- How much manipulated ?




well well , our great dalal street is always records for something & people working here never let them just in history. Our indian stock history having many milestones with names like Late.Harshad Mehta to Ketan Parikh. About Ketan Parikh , he still paying crores of rupees to Madhupuara co-op bank @ ahmedabad for defaults he own to bank. Sebi has baned him for trading or any activity in stock exchange but he still paying them in quaterly any how. Sources says that he still active in the exchange but by back doors.

Now, here , a company is called Minal Engg. which is producing nothing is caching eyelines with market people. The company gone in IPO with stock price of Rs. 5 . It went to high as much as 400 + Rs when last stock boom & market crash happened. Sebi barred company for sometime. Now, the company is back in it's stock's "magic" prices. The company stock price is now jumped from 37 Rs to 200 + Rs. No wonder how it gained such high jump !

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